Associate Actuary - Seattle Health

Milliman•Seattle, WA

20d•$88,800 - $208,380•Hybrid

About The Position

Milliman's Seattle Health Practice is looking for an Associate Actuary with experience in health actuarial work. The position requires creative actuarial capabilities, good communication and interpersonal skills, and organizational talents. A high degree of self-motivation and the ability to lead a team of analysts are also necessary for success. We provide extensive on-the-job training in consulting skills and advanced actuarial techniques. About Our Practice Milliman’s Seattle Health Practice partners with a broad spectrum of organizations, including insurance companies, health plans, government agencies, healthcare providers, reinsurers, Accountable Care Organizations (ACOs), health technology firms, and employers. Our team includes over 180 actuarial professionals, supported by expert consultants, IT specialists, and dedicated operations staff. Join Milliman and collaborate with some of the most accomplished professionals in the health industry. Our mentor program ensures you have a dedicated colleague to guide your career growth, providing the support and resources you need to thrive. For motivated candidates, this is an exceptional opportunity to advance professionally while making a meaningful impact in healthcare. What You Will Do In this role, you will have the opportunity to: Perform analysis of healthcare data Write reports that explain technical concepts clearly to a non-technical audience Manage projects through completion within an expected budget Supervise actuarial students in the completion of technical aspects of actuarial projects Employees will be expected to develop the ability to manage client relationships. While not required, employees that learn to successfully generate new business with both new and existing clients are likely to experience the greatest career growth.

Requirements

Bachelor’s degree in mathematics, statistics, economics, or a related field
ASA designation
Four or more years of healthcare actuarial experience.
Demonstrable skills in presenting technical concepts to a non-technical audience in an understandable way
Strong understanding of the US healthcare system
Proficiency with Excel
Excellent communication both verbal and written
Ability to work both independently and in team environments
Proven ability to work in a fast-paced environment where client satisfaction is key
Entrepreneurial spirit
Individual(s) must be legally authorized to work in the United States without the need for immigration support or sponsorship from Milliman now or in the future.

Nice To Haves

Meaningful experience in one or more of the following areas would be considered a “plus”:
Medicaid rate-setting
Reserving and year-end statutory financials (“blue” and “orange” blanks)
ACA pricing/rate filing
Medicare Advantage, especially bid development and understanding of revenue mechanisms (e.g., risk scores, star ratings)
Value-based provider contracting
Employer stop-loss and/or reinsurance pricing
Some knowledge of SAS, SQL, or R

Responsibilities

Perform analysis of healthcare data
Write reports that explain technical concepts clearly to a non-technical audience
Manage projects through completion within an expected budget
Supervise actuarial students in the completion of technical aspects of actuarial projects
Develop the ability to manage client relationships
Generate new business with both new and existing clients

Benefits

Medical, Dental and Vision – Coverage for employees, dependents, and domestic partners.
Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges.
401(k) Plan – Includes a company matching program and profit-sharing contributions.
Discretionary Bonus Program – Recognizing employee contributions.
Flexible Spending Accounts (FSA) – Pre-tax savings for dependent care, transportation, and eligible medical expenses.
Paid Time Off (PTO) – Begins accruing on the first day of Full-time employees accrue 15 days per year, and employees working less than full-time accrue PTO on a prorated basis.
Holidays – A minimum of 10 paid holidays per year.
Family Building Benefits – Includes adoption and fertility assistance.
Paid Parental Leave – Up to 12 weeks of paid leave for employees who meet eligibility criteria.
Life Insurance & AD&D – 100% of premiums covered by Milliman.
Short-Term and Long-Term Disability – Fully paid by Milliman.